Form 4: Cryoport Director Ramkumar Mandalam Executes Stock Option and Sells Shares
SEC Form 4 Filing
Director Ramkumar Mandalam exercised stock options and sold a portion of the acquired shares of Cryoport, Inc.
Summary
- On March 15, 2024, Ramkumar Mandalam, a director of Cryoport, Inc. (CYRX), exercised stock options to acquire 8,334 shares of common stock at a price of $5.40 per share.
- Simultaneously, Mandalam sold 3,217 shares of common stock at a price of $14.68 per share.
- Following these transactions, Mandalam directly owns 43,187 shares of Cryoport, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating neutral sentiment.
Industry Context
This filing reflects routine transactions by a company insider and provides transparency to the market regarding their holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
Key Dates
| Date | Description |
|---|---|
| 06/16/2014 | Original date of stock option grant |
| 03/15/2024 | Date of stock option exercise and share sale |
| 06/16/2024 | Expiration date of stock option |
| 03/19/2024 | Date of signature on the SEC Form 4 |
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